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5 PPACA trends in 5 Years

Agents largely agree that health care reform is an opportunity for success.
March 26th, 2015

The Patient Protection and Affordable Care Act, the largest overhaul of the U.S. health care system, turned five years old this week. On the heels of this historic milestone, consulting firm PricewaterhouseCoopers released “Five trends to watch as the Affordable Care Act turns five.” Here’s what they found: Risk has shifted. Insurance carriers are no [...]

3 Life Insurance Living Benefits to Consider

life-insurance-categories
March 25th, 2015

Life insurance policies are typically purchased for their death benefits. But today, more carriers than ever are offering insureds the option of accessing a portion of the face amount (sometimes up to 90% or more) while they’re alive. Living benefits, also known as accelerated death benefits, can be included as a rider when the policy [...]

Uber, Lyft, and the Auto Insurance Coverage Gap

Zimride-crew
March 24th, 2015

Ride-share apps such as Uber and Lyft have thrown a wrench into the traditional auto insurance policy. The coverage issue first gained attention in late 2013, when an Uber driver hit and killed a pedestrian in San Francisco. At the time, Uber provided drivers with commercial insurance while they were carrying passengers—but not when the app [...]

Few Employers Cutting Health Benefits, Study Finds

health-insurance
March 23rd, 2015

Starting this year, the PPACA requires large employers to offer health insurance to workers who are employed 30 hours or more per week. Critics feared the new regulation would be too costly for employers and would prompt them to cut workers’ hours to avoid the tax penalties. But a new study reveals that those fears [...]

Employer Mandate Didn’t Boost Health Insurance Enrollment

group-insurance
March 20th, 2015

The numbers are in. As it turns out, the PPACA employer mandate had little impact on employer-sponsored health insurance enrollment. Yes, a study by Mercer noted that there was a spike in the number of workers who received coverage through an employer sponsored plan. However, this was the result of more workers entering the workforce [...]

Auto Insurance Fraud to Become a Crime in New Jersey

insurance
March 19th, 2015

Soon, New Jersey residents will have a much harder time lying about where they garage their cars. The New Jersey legislature approved a bill that imposes still penalties on those who lies about where they garage and drive their cars in order to lower their insurance premiums. “Turning premium dodging into an insurance crime would [...]

16.4 Million Gained Health Coverage Under ACA

health insurance chalkboard
March 18th, 2015

About 16.4 million adults have enrolled in health insurance under the Affordable Care Act, administration officials announced Monday. Gains in coverage for minorities and states that expanded Medicaid were particularly robust. The total includes 14.1 million adults who enrolled in coverage since 2013 and 2.3 million young adults (ages 19 to 25) who remained on [...]

Could States Sell Long-Term Care Insurance on the Exchanges?

Long-Term Care Insurance Policy
March 17th, 2015

A panel at MNsure, the Minnesota insurance exchange, says it should start offering non-medical products such as long-term care insurance (LTCI), mental health insurance, and wellness programs. PPACA and federal regulators already encourage states to offer stand-alone dental coverage and allow exchanges to sign agreements with organizations that sell other insurance products. The MNsure Market [...]

Tax-Related Special Enrollment Period Open Until April 30

April 30
March 16th, 2015

Starting March 15, taxpayers who face a fine for going uninsured in 2014 can enroll in exchange coverage for 2015. Those who learn they must pay the health insurance tax penalty have until April 30 to visit HealthCare.gov to buy a plan. Although the second annual open enrollment period ended February 15, the Obama administration and some [...]

eHealth Shifts Focus to Medicare Sales

Open enrollment ends on Feb. 15, meaning it's time to start thinking about a post-enrollment strategy.
March 13th, 2015

The online health insurance broker announced it’s overhauling business in response to issues selling individual and major medical coverage. Not only is eHealth shifting its focus toward Medicare products, but the company plans to eliminate about 160 of its 1,070 positions. Web health brokers reported strong sales during the first open enrollment period, and hoped [...]